Uma Gupta
The Hydrogen Stream: Ashoka Buildcon commits INR 9,000 crore investment in Bihar
Maharashtra-based construction engineering company Ashoka Buildcon has committed an investment of INR 9,000 crore in setting up a green hydrogen production plant in Bihar.
Neuron Energy ties up for two-wheeler battery production
Neuron Energy, an EV battery manufacturer in India, has partnered with a two-wheeler original equipment manufacturer (OEM) to establish a facility with a capacity to produce 3,000 battery packs monthly with a total energy output of 100 MWh. Over the next two years, the partnership aims to boost this capacity to 150 MWh through an investment of INR 150 crore.
Sterling and Wilson Renewable Energy secures solar project worth INR 1,200 crore
Sterling and Wilson Renewable Energy has secured the contract for engineering, supply (except PV modules) and construction of a 500 MW (AC) solar PV plant in Gujarat. The contract includes comprehensive operation and maintenance support for three years
Solarium Green gets BSE nod for SME IPO
Solarium Green Energy, a solar EPC solutions provider, is set to open for public subscription. The proceeds from the public issue will be used to meet the company’s working capital requirements and to address general corporate purposes.
Madhya Pradesh to meet 50% of its power needs through solar energy by 2030: Chief minister Mohan Yadav
Madhya Pradesh chief minister Mohan Yadav also dedicated 880 MW Agar and Neemuch solar projects built at a cost of INR 3,520 crore in Agar-Malwa district.
Waaree starts solar module production at its USA facility
Waaree Solar Americas has started trial production of PV modules at its facility in Texas. The facility is set to fully commission its Phase-1 manufacturing capacity of 1.6 GW in the next few months.
India’s solar PV cell manufacturing capacity to reach 60 GW by FY 2027
India’s solar cell manufacturing capacity will reach 60 GW by FY 2027 from 8 GW as of March 31, 2024. The resultant capacity growth will make India a surplus market, given the annual module requirement of 40-50 GW, necessitating that the domestic players tap the export markets.
Renewable energy lending up by 60% last year
Lending to renewable energy projects in India in 2023 increased 63% year-on-year to INR 30,255 crore ($3,663 million). Out of the total, 49% went to solar projects.
Acme Solar commissions 1,483 MWp in Rajasthan
Acme Solar has switched on four co-located solar projects aggregating to 1,023 MW AC (1,483 MWp) in Rajasthan. The capacity, connected to the interstate transmission system, constitutes 85% of the overall 1.2 GW project that benefits from a 25-year power purchase agreement (PPA) with SECI at a tariff of INR 2.44/kWh.
Avaada Energy wins 200 MW (DC) solar project from GUVNL
Avaada Energy will develop a 200 MW (DC) solar plant for power supply to Gujarat Urja Vikas Nigam Ltd at a tariff of INR. 2.75 per kWh.
